https://www.taxtmi.com/caselaws?id=237005 The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's appeals for statistical purposes. Specific directions were given to the A.O. to ensure compliance with legal standards and proper verification of facts in various issues such as provision for doubtful debts, interest expenditure disallowance, depreciation on leased assets, unutilized Modvat credit, and classification of interest earned. The Tribunal also directed the A.O. to reexamine the disallowance of depreciation on the Time Sharing Unit to determine its eligibility under section 32. en-us Wed, 26 Jun 2013 00:00:00 +0530 Mon, 16 Sep 2013 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237005 The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's appeals for statistical purposes. Specific directions were given to the A.O. to ensure compliance with legal standards and proper verification of facts in various issues such as provision for doubtful debts, interest expenditure disallowance, depreciation on leased assets, unutilized Modvat credit, and classification of interest earned. The Tribunal also directed the A.O. to reexamine the disallowance of depreciation on the Time Sharing Unit to determine its eligibility under section 32. Case-Laws Income Tax Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237005